function MM_preloadImages() { //v3.0 var d=document; if(d.images){ if(!d.MM_p) d.MM_p=new Array(); var i,j=d.MM_p.length,a=MM_preloadImages.arguments; for(i=0; i0&&parent.frames.length) { d=parent.frames[n.substring(p+1)].document; n=n.substring(0,p);} if(!(x=d[n])&&d.all) x=d.all[n]; for (i=0;!x&&i
Alaska Pacific Bank Home Page
Online ServicesPersonal BankingBusiness SolutionsCustomer ServiceTools & Resources About Alaska Pacific Bank
Personal Banking Alaska Pacific Bank: Making Dreams Come True.
Overview
Checking Accounts
Savings Accounts
Investment Accounts
Gift/ATM/Check Cards
Consumer Loans
Home Equity Loans
Construction & Lot Loans
Mortgage Loans
Contract Collections
Other Services
Switch Kit
 

Home Equity Loans and Credit Lines

You’ve invested in your home for years, now it’s time to take advantage of that investment. Use your home equity to obtain what you need now, whether it’s making home improvements, paying college tuition, or financing your small business. You’ll enjoy our competitive rates while benefiting from possible tax advantages.*

We Offer Three Home Equity Options

Home Equity Loan

With a Home Equity Loan, you can put the equity in your home to use in order to make that major purchase. Receive your money in one lump sum, and then pay it back in fixed monthly payments. For rates and terms, please contact a Loan Officer.

Maximum Term Interest Rate Annual Percentage Rate
60 7.00 - 8.00% 7.070 - 8.072%
120 7.50 - 8.50% 7.541 - 8.542%
180 7.75 - 8.75% 7.781 - 8.782%
300 8.00 - 9.50% 8.024 - 9.526%

$10,000 min loan amount. Financing on approved credit. Actual rate and payment are subject to change. For example, a loan of $50,000 for 180 months at 7.781% APR would require 180 monthly payments of approximately $470.83 each.

Total Home Equity Loan

Make the most of your current investment while you work on growing your equity. This option enables you to borrow up to 100% of the equity in your home and have some of the same attractive repayment features as our regular Home Equity Loan. We offer competitive rates and fees; call for more information.

Maximum Term Interest Rate Annual Percentage Rate
60 P + 1.25% to P + 2.00% 6.372% - 7.127%
120 P + 1.50% to P + 2.25% 6.569% - 7.321%

$10,000 min loan amount. Financing on approved credit. Actual rate and payment are subject to change. For example, a loan of $25,000 for 120 months at 7.321% APR would require 120 monthly payments of approximately $293.56 each. P = Prime Rate, variable rates are based on the Prime Rate as published in The Wall Street Journal and is subject to change.

Equity Access Line of Credit

Get the money you need when you need it. This revolving line of credit is based on the available equity in your home.  Once approved, access it via convenient credit line checks.  Call us to get more information.

Type Interest Rate Annual Percentage Rate
Equity Access LOC P+(-.25%) - P +.75% P+(-.25%) to P +.75%

P = Prime Rate, variable rates are based on the Prime Rate as published in The Wall Street Journal and is subject to change. $10,000 min loan amount.

Optional Payment Protection

Payment Protection is available on many of our Consumer Loans. It protects you in the event that you are unable to make your payments. More specifically, Payment Protection will:

  • Pay off all or some of your loan if you die.
  • Make payments on your loan if you are unable to work due to illness or accident, even if it’s not work related.

Be sure to ask your Loan Officer about this important coverage.


* Consult your tax advisor regarding deductibility of interest.

Contact Us
Contact us to request information via email or see a list of branches and officers to find out how to call for information or for an appointment!

Help Us Say YES
Help us "SAY YES" by reviewing the general list of requirements for applying ahead of time.

 
   
Equal Housing LenderFDIC InsuredPrivacy PolicyCopyright Notice